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Twitter's Dorsey downplays acquisition possibilities, sees 'strength to our independence'

Twitter's Dorsey downplays acquisition possibilities, sees 'strength to our independence'
From TechCrunch - February 13, 2018

If youre a Twitter shareholder wondering if the company is about to get acquired, co-founder and CEO Jack Dorsey doesnt want you to get that impression.

Theres a lot of strength to our independence, he said, at the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday. Dorsey believes that its important for Twitters business that theyre not constrained.

He also voiced commitment to building a sustainable business and providing return to our shareholders. He added that Twitter has a lot left to prove but were proving it little by little every day.

Twitters stock is down from its high of $69 in early 2014, but the company has had an impressive run in the past year, with shares going from $16.52 to $33.44 in the past 12 months.

During its most troubled times, the company weighed selling to potential buyers like Salesforce, Microsoft or Disney.Since then, investors have continued to wonder if an acquisition is still in the cards.

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